RBI’s Strategic Move to Strengthen Foreign Exchange Reserves In a notable economic development, the Reserve Bank of India (RBI) has significantly increased its gold reserves by purchasing 57.5 tonnes during the fiscal year 2024–25. This move demonstrates India’s continued strategy to diversify its foreign exchange (forex) reserves amid global economic uncertainties and inflationary pressures. As…
RBI Allows Overseas Banks to Open INR Accounts Introduction to the News On January 19, 2025, the Reserve Bank of India (RBI) announced a significant step toward global banking integration. The central bank has now permitted overseas banks to open accounts in Indian Rupees (INR) for their customers. This decision aims to enhance cross-border trade…
List of RBI Governors of India (1935 to 2023): Roles and Functions Introduction to the RBI Governors The Reserve Bank of India (RBI) is one of the most crucial financial institutions in the country. Established in 1935, the RBI is responsible for managing India’s monetary policy, controlling inflation, and fostering economic growth. The head of…
RBI Introduces Podcast Facility for Public Communication The Reserve Bank of India (RBI) has taken a significant step towards improving its communication with the public by launching a podcast facility. This initiative is aimed at making the central bank’s messages and updates more accessible and engaging to a broader audience. Podcasts have become an increasingly…
RBI Lifts Supervisory Restrictions on Navi Finserv The Reserve Bank of India (RBI) has recently removed the supervisory restrictions placed on Navi Finserv. These restrictions were imposed on the financial services company due to certain regulatory concerns. The lifting of these restrictions marks a significant step for Navi Finserv in its operations and governance, as…
Shaktikanta Das Earns ‘A-‘ in Central Bank Report Card 2024 Shaktikanta Das, the Governor of the Reserve Bank of India (RBI), has been awarded an impressive ‘A-‘ grade in the Central Bank Report Card 2024. This accolade highlights his significant contributions and leadership in steering the Indian economy through challenging times. The report, published by…
Aviral Jain Joins RBI as Executive Director Introduction to Aviral Jain’s Appointment Aviral Jain has recently been appointed as the Executive Director of the Reserve Bank of India (RBI). This significant development comes at a time when the RBI is navigating complex challenges in the financial sector, particularly with respect to monetary policy and regulatory…
India’s Forex Reserves Hit Record High of $692.3 Billion Introduction to Forex Reserves India’s foreign exchange (Forex) reserves have reached an unprecedented milestone of $692.3 billion, according to the Reserve Bank of India (RBI). This marks a significant increase from the previous week’s total of $690 billion. This surge in reserves can be attributed to…
Former RBI Governor S. Venkitaramanan Passes Away at 92 S. Venkitaramanan, the 19th Governor of the Reserve Bank of India (RBI), breathed his last at the age of 92. His demise marks the end of an era in the banking sector, leaving a profound impact on India’s monetary policies and economic landscape. Born in 1929,…
The Reserve Bank of India’s (RBI) gold reserves have increased by 4.5% to 794.64 tonnes in the financial year 2022-23 As per the latest data released by the central bank, the value of India’s gold reserves rose to $48.5 billion in the week ended April 28, 2023. The RBI’s gold reserves account for 6.3% of…
🚀 Exciting News! 📢 Join Our Telegram Channel Now!
Unleash a daily dose of knowledge and stay ahead of the game! 🌐✨ Join our Telegram channel for a thrilling adventure into the world of daily current affairs. 📰🔥 Don’t miss out on the latest updates and insights! Click to join now and be part of the knowledge revolution! 🚀👉
